How the Loan Process Works

No doubt, quite a lot to do when you get a mortgage. You wouldn't be visiting our site if you could fill out a simple mortgage application and get a great loan funded in one day. But 1st Credential Mortgage Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide on your maximum loan amount

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This step is where 1st Credential Mortgage Inc will start to save you money. You will provide info on your current job, your assets, and residence history. You'll give us your employment, asset, and residence history information. We will get your credit report and score (only after you give your permission, of course). After we've reviewed this information, we'll provide a pre-qualificaiton letter. Handle it with care — it is a great tool when you make your offer! Your REALTOR® will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for your new house with your REALTOR™, we find the best program for you.

Step three: apply for your loan

Once you've made the offer and the sellers have accepted, you should complete the loan application. Applying for your loan couldn't be much easier; you can apply from the comfort of your home right here on our site. After the seller has accepted your offer and you have applied for your loan, we'll order the professional appraisal on the home.

Step four: funding

The agents will find a title company to handle the "funding" and closing. We'll work with this company to ensure all the papers your lender needs are avaiailable, and you'll probably}likely sign everything at this company's officeWe do all the work to coordinate with this company on your date of closing. Since you don't have to worry about these details, you get to concentrate on moving logistics, paint colors, new carpet, and the fun parts of getting a new home.

You've answered a few questions, given us detailed information, applied , and the next thing you know, you're moving in! We take care of the legwork so you can focus on finding your new home.

Have questions about the loan process? Call 1st Credential Mortgage Inc at (281) 778-0805. 1st Credential Mortgage Inc answers loan process questions every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
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